CAE Inc. (NYSE:CAE) Shares Sold by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC cut its holdings in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 4.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,687 shares of the aerospace company’s stock after selling 1,607 shares during the period. Legacy Wealth Asset Management LLC’s holdings in CAE were worth $855,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Bank of Montreal Can lifted its stake in shares of CAE by 1.6% in the 3rd quarter. Bank of Montreal Can now owns 5,057,860 shares of the aerospace company’s stock valued at $93,446,000 after purchasing an additional 77,489 shares during the period. Canada Pension Plan Investment Board raised its holdings in CAE by 9.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,033,296 shares of the aerospace company’s stock worth $19,188,000 after purchasing an additional 89,800 shares during the period. Clearline Capital LP acquired a new position in CAE in the 2nd quarter worth about $2,290,000. Intech Investment Management LLC purchased a new position in CAE during the third quarter worth approximately $2,432,000. Finally, Pinnacle Associates Ltd. increased its position in shares of CAE by 3.8% in the third quarter. Pinnacle Associates Ltd. now owns 874,588 shares of the aerospace company’s stock valued at $16,399,000 after buying an additional 32,328 shares in the last quarter. 67.36% of the stock is owned by hedge funds and other institutional investors.

CAE Stock Down 0.1 %

Shares of NYSE:CAE opened at $24.05 on Friday. CAE Inc. has a 52-week low of $15.95 and a 52-week high of $25.53. The stock has a market cap of $7.66 billion, a P/E ratio of -31.23, a PEG ratio of 1.76 and a beta of 1.72. The business has a fifty day moving average of $23.33 and a two-hundred day moving average of $19.93. The company has a quick ratio of 0.59, a current ratio of 0.84 and a debt-to-equity ratio of 0.62.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CAE. StockNews.com raised shares of CAE from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Desjardins upgraded shares of CAE from a “hold” rating to a “buy” rating in a research report on Monday, December 23rd. Cibc World Mkts lowered shares of CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Finally, TD Securities lowered CAE from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, CAE presently has an average rating of “Hold” and a consensus target price of $25.00.

CAE Profile

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, the Oceania, Africa, and Rest of the Americas. It operates through two segments, Civil Aviation; and Defense and Security. The Civil Aviation segment offers training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; a range of flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as aircraft flight operations solutions.